Centiva Capital LP Makes New $353,000 Investment in Schrödinger, Inc. (NASDAQ:SDGR)

Centiva Capital LP purchased a new position in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,307 shares of the company's stock, valued at approximately $353,000.

Several other hedge funds have also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Schrödinger by 60.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company's stock valued at $67,718,000 after acquiring an additional 1,319,464 shares during the period. Nikko Asset Management Americas Inc. increased its position in shares of Schrödinger by 108.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company's stock valued at $47,499,000 after buying an additional 1,283,949 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Schrödinger by 17.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock valued at $43,968,000 after buying an additional 334,131 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Schrödinger by 4.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company's stock valued at $31,012,000 after buying an additional 67,786 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Schrödinger by 11.3% in the fourth quarter. Northern Trust Corp now owns 602,618 shares of the company's stock valued at $11,625,000 after buying an additional 60,987 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Schrödinger

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the transaction, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at approximately $599,357.44. The trade was a 16.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Karen Akinsanya sold 16,723 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $25.09, for a total value of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares in the company, valued at $392,031.25. This trade represents a 51.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

Schrödinger Stock Performance

Schrödinger stock traded up $0.22 during midday trading on Friday, reaching $23.58. 911,374 shares of the company were exchanged, compared to its average volume of 848,813. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -10.08 and a beta of 1.84. The firm's 50-day simple moving average is $22.89 and its 200-day simple moving average is $21.99. Schrödinger, Inc. has a 1 year low of $16.60 and a 1 year high of $28.47.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.81) by ($0.01). The business had revenue of $59.55 million during the quarter, compared to analysts' expectations of $54.60 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm's quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.86) EPS. On average, analysts forecast that Schrödinger, Inc. will post -2.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SDGR shares. Piper Sandler dropped their price target on Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. KeyCorp raised their price target on Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $32.80.

About Schrödinger

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.